Duke Energy (DUK)
NYSE:DUK
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.32Last Year’s EPS
1.25Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflected strong operational and financial momentum: double-digit reported EPS growth year-over-year, reaffirmed full-year guidance, large tax-credit monetization and regulatory approvals providing multi-billion-dollar customer benefits, sizable late-stage economic development pipeline and active generation build execution. Management also highlighted balance sheet actions to fund a $103 billion capital plan and maintained a long record of dividend payments. The main challenges are near-term cost pressures from higher O&M and depreciation (including storm response), regulatory/affordability scrutiny in the Carolinas, unresolved execution and financing risks for new nuclear builds, and the long lead times and concentration risk associated with large data center loads. On balance, the positive operational wins, strong cash proceeds and constructive regulatory achievements materially outweigh the near-term headwinds.Company Guidance
Quarterly EPS Growth
Reported EPS $1.97 and adjusted EPS $1.93 in Q1 2026 versus $1.76 a year ago — reported EPS up $0.21 (+11.9%) and adjusted EPS up $0.17 (+9.7%).
Reaffirmed 2026 Guidance and Long-Term Growth
Company reaffirmed 2026 adjusted EPS guidance of $6.55–$6.80 and reiterated a 5%–7% long-term EPS growth rate through 2030 with confidence to earn in the top half of the range beginning in 2028.
Large Customer Contract Wins and Pipeline
Signed an incremental 2.7 GW of electric service agreements (ESAs) in the quarter, bringing executed ESAs to ~7.6 GW (nearly two-thirds already under construction). Late-stage high-confidence pipeline sits at 15.4 GW and construction is underway on the first ~5 GW of new data centers.
Major Monetization and Regulatory Approvals Deliver Customer Benefits
Reached a multiyear agreement to monetize up to $3.1 billion of clean energy tax credits through 2028 and received regulatory approvals for combining the two Carolina utilities; management estimates $2.3 billion of customer savings through 2040 and cited more than $5 billion of total customer benefits.
Balance Sheet and Capital Actions
Realized more than $5.3 billion of proceeds from strategic transactions (Brookfield tranche: $2.8B; sale of Piedmont TN: $2.5B), issued $1.5B of convertible senior notes at a 3% coupon, and priced $300M of equity under ATM — actions support a $103B regulated capital plan and improve financial flexibility.
Dividend and Credit Metrics
Celebrated the 100th consecutive year of paying a quarterly cash dividend. Targeting 14.5% FFO-to-debt in 2026 and ~15% over the long term to provide cushion against downgrade thresholds.
Generation Build Plan and Nuclear Progress
Plan to add 14 GW of generation over the next five years; 5 GW of gas generation under construction and 2.5 GW in development. NRC approved subsequent license renewal for Robinson nuclear plant (second plant renewed), and management is executing ~300 MW of nuclear upgrades and life extensions across the fleet.
Regulatory/Recovery Mechanisms Supporting Affordability
Implemented a CWIP rider in Indiana for the Cayuga combined-cycle plant and filed an electric rate stabilization adjustment in South Carolina to enable annual true-ups and reduce rate volatility for customers.
DUK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DUK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $127.45 | $127.58 | +0.10% |
Feb 10, 2026 | $120.69 | $122.59 | +1.58% |
Nov 04, 2025 | $121.57 | $121.73 | +0.13% |
Aug 05, 2025 | $121.01 | $120.85 | -0.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Duke Energy (DUK) report earnings?
Duke Energy (DUK) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Duke Energy (DUK) earnings time?
Duke Energy (DUK) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DUK EPS forecast?
DUK EPS forecast for the fiscal quarter 2026 (Q2) is 1.32.